Housing Finance Companies

Affordable housing finance companies to gain from RBI norms tweak

The RBI tweaked the risk weights for undisbursed loans by capping them at par with those of disbursed loans to address a potential anomaly in the computation of risk-weighted assets of these loans

Star Housing Finance reports 70% revenue growth in April-June quarter

Semi-urban and rural-focused home finance company Star Housing Finance Ltd (Star HFL) has reported a 70 per cent jump in its revenue for the April-June quarter on strong growth in interest income and commission fee. Total revenue rose by 70 per cent to Rs 20.96 crore for the April-June quarter of 2024-25 compared to Rs 12.29 crore in the year-ago period, the BSE-listed company said in a release. Interest income rose to Rs 18.08 crore in the first quarter of FY25 against Rs 11.20 crore in April-June 2023-24. Assets under management soared by 73.55 per cent to Rs 471.41 crore in the June quarter over the year-ago period. Disbursements were at Rs 61.23 crore in the quarter under review. Profit after tax rose by 94 per cent to Rs 3.02 crore in the quarter against Rs 1.55 crore in the year-ago period.

Aadhar Housing Finance IPO Alert: An issue for risk takers, say experts

Aadhar Housing Finance IPO review: Aadhar Housing Finance aims to raise Rs 3,000 crore with a price band fixed at Rs 300 to Rs 315 per share

Capitalise on festival offers for loans, but heed other conditions too

Loan amount, tenure and prepayment conditions must also suit you

DHFL branch audits: NFRA penalises 18 auditors, debars them for 6-12 months

The National Financial Reporting Authority (NFRA) has imposed penalties on 18 auditors and also debarred them for varying periods for lapses with respect to audits of various branches of housing finance company DHFL. Penalties totalling Rs 18 lakh or Rs 1 lakh each has been imposed on the auditors for their professional misconduct, according to 18 separate orders passed by the regulator. Also, they have been debarred for a period of six months to one year from "being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate". Out of the 18 auditors, 4 have been debarred for 6 months and the remaining 14 auditors have been restrained for 1 year. Following media reports of alleged siphoning of public money of around Rs 31,000 crore and the Enforcement Directorate's reported action in April 2020 on an alleged banking fraud of about Rs 3,700 crore by the

Banks, finance companies expect robust festive season credit offtake

Little room for rate-cut wars; tight screening to stay

Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers

HFCs to move regulator, govt to address rate hike and other industry issues

Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others

Slippages from restructured NBFC book increased in H1FY23, says Icra

Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Housing finance companies likely to grow at 10-12% in FY23: Report

The upwards revision of the growth of HFCs was in expectation of a continued improvement in disbursements.

NBFCs, HFCs securitisation volume doubled to Rs 33k cr in April-Jun: Report

Securitisation volumes originated by Non-Banking Financial Companies (NBFC)s and Housing Finance Companies (HFC)s have almost doubled to around Rs 33,000 cr in the first quarter of the current year

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra

The standard restructured book of NBFCs is estimated to have reduced to 2.7-3 per cent in March 2022 from the peak of 4.5 per cent in September 2021

Affordable housing finance cos loan book to grow 17-20% in FY23: Study

Affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20% in FY23, supported by the government's higher focus on housing and a favourable tax regime, says a report.

Housing finance major HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr

According to bulk deal data available with the BSE, Housing Development Finance Corporation (HDFC) sold a total of 4,96,32,349 shares, amounting to 3.08 per cent stake, of Bandhan Bank

SBI inks co-lending pact with five HFCs for affordable housing

SBI expects to grow home loan book to Rs 7 trn by 2024

Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil

Growth would still be higher by about 1-2% over fiscals 2020 and 2021. But it would be slower than the broad-based 24% logged between fiscals 2011 and 2019